forbes.com - 1/23/2009
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In a few weeks, Congress will likely enact the largest fiscal stimulus legislation in history. Surprisingly, the whole idea of such a stimulus is much more controversial among A-list economists than I would have expected, given the depth and breadth of the economic malaise. Although the debate ...
austrianeconomists.typepad.com - 1/27/2009
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austrianeconomists.typepad.com —
One of the (correct) complaints about the proposed
stimulus plan is that it's full of all kinds...
of programs that would appear to have nothing to do with any accepted economic theory about what sorts of spending could even possibly lead to recovery. ...
(more)
Stimulus or Carpe Diem? The New Deal Wasn't a Stimulus ...
safehaven.com - 1/27/2009
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safehaven.com —
This week the House is expected to pass
an $825 billion economic stimulus package. In reality, this...
bill is just an escalation of a government-created economic mess. As before, a sense of urgency and impending doom is being used to extract ...
(more)
Stimulus for Who?
online.wsj.com - 1/26/2009
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online.wsj.com —
The stimulus bill currently steaming through Congress looks
like a legislative freight train, but given last week's...
analysis by the Congressional Budget Office, it is more accurate to think of it as a time machine. That may be the only way to explain ...
(more)
The Stimulus Time Machine
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"Does Stimulus Stimulate?"
Economist's View —
...
Does Stimulus Stimulate?, by Bruce Bartlett, Forbes.com: ...The [Great
Depression] didn't really end
until both monetary and fiscal policy became expansive with the onset of World
War II. At that point, no one worried any more about budget deficits, and the
Fed pegged interest rates to ensure that they stayed low, increasing the money
supply as necessary to achieve this goal. ...
Bruce Bartlett Worries About Not-So-Stimulating Stimulus, Too
EconomistMom.com —
In today’s Forbes, Bruce Bartlett seems to worry, as I do, that a lot of this so-called “stimulus” won’t really stimulate the economy anytime soon–and if that’s the case, that the choice to deficit finance that spending isn’t such a good idea (emphasis added):
The failure of rebates has shifted the focus to public works and other direct spending measures as a means of stimulating aggregate spending. A study by Obama administration economists Christina ...
Excellent Bruce Bartlett Overview of the Stimulus Debate
The Austrian Economists —
... I don't agree with every word in this Forbes.com piece by Bartlett, but it's an excellent overview of the history of activist macro policy and a good summary of the current debate. It would be a nice piece to share with non-economists trying to figure this all out. ...
Why Isn't The Stimulus Stimulating? LAGS
CARPE DIEM —
... The problem is that Obama was always much too optimistic about how quickly stimulus spending could have an effect. As I warned in a January column, it takes far more time for it to impact the economy than most people think. Moreover, not all government spending is necessarily stimulative, and the parts of the stimulus package that provide real stimulus are among the slowest to come online. ...
Why Isn’t The US Stimulus Stimulating?
Daily Markets —
... The problem is that Obama was always much too optimistic about how quickly stimulus spending could have an effect. As I warned in a January column , it takes far more time for it to impact the economy than most people think. Moreover, not all government spending is necessarily stimulative, and the parts of the stimulus package that provide real stimulus are among the slowest to come online. According to CBO Director Douglas Elmendorf, by the end of fiscal year 2009, which ends on Sept. 30, about a third of the least stimulative spending will have been spent vs. only 11% of the ...
Related Content
A Proposal to Stimulate the US Housing Market
brucekrasting.blogspot.com 2/20/2009 — In order to stimulate demand for residential housing the United States expands the existing EB-5 visa program to include immigrant investors who purchase a home in the US with a value of not less than $250,000. The demand for this type of visa from ...
Economic Stimulus - The New York Times
topics.nytimes.com 2/5/2009 — Economic stimulus refers to the use of fiscal policy -- government spending or tax measures -- to support or revive an economy in recession. In February 2008, as signs of a slowdown emerged, Congress passed a $168 billion package of tax cuts and ...
Stimulus Watch: Web Watchdog for the Stimulus Package
businesspundit.com 2/12/2009 — StimulusWatch is a new wiki that uses online feedback to hold the government accountable for its elephantine stimulus package. From the website :
StimulusWatch.org was built to help the new administration keep its pledge to invest stimulus money smartly, and to hold public officials to ...
The Fiscal Stimulus: What Will Work?
forbes.com 1/9/2009 — Last year at this time, Congress and the White House were so concerned about an economic downturn that they agreed in record time to a $152 billion stimulus bill that sent $300 rebate checks to every taxpayer. The theory was that people would ...
Fiscal stimulus: More needed?
woodwardhall.wordpress.com 2/1/2009 — The House has passed HR1 and the Senate is working on a counterpart fiscal stimulus bill. We will discuss HR1 for the sake of specificity and in the belief that the final law will be fairly similar to HR1.
The table below shows the Congressional ...
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